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The Latest Breaking News from Deficit

Oman Sees 2023 Budget Deficit at 3% of GDP

Oman is forecasting a 1.3 billion rials ($3.39 billion) deficit in its 2023 budget, or 3% of the gross domestic product, following an expected surplus this year after higher oil prices boosted revenues. State media reported the Gulf state expects revenues of 11.7 billion rials ($30.2 billion), up 10% over…

Asharq Al-Awsat

Ghana to default on most external debt as economic crisis worsens

(This Dec. 19 story has been corrected to fix debt figures in first chart)

Reuters

Thurrock becomes latest council to declare effective bankruptcy

Disastrous investments in risky commercial projects have left Tory-run authority with a £500m deficit

The Guardian - UK

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Bengals Are ‘Pretty Damn Good, Too’

The defending conference champions have a shot at the top seed after overcoming a 17–0 deficit to Tom Brady. Plus, the Lions believed in themselves, and now other teams do, too, and why a first-year Eagle is surprised with the team’s success.

Sports Illustrated

The University of South Wales facing a multi-million-pound financial deficit

The University's Vice-Chancellor Ben Calvert said its challenging financial outlook had been impacted in part by an increase in students not returning

Birmingham Post

Glory beat Canberra for first ALW win

Perth Glory has secured their first win of the ALW season after overcoming a two-goal first-half deficit to down Canberra United 3-2.

AAP

The Vikings came back from a 33-0 halftime deficit and fans lined up to dunk on the Colts

Matt Ryan saw a 33-0 lead evaporate. Of course everyone had jokes. Well, the same joke, mostly.

USA Today Sports Media Group

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Vikings rally from 33-point deficit to beat Colts, 39-36 in OT to win NFC North

MINNEAPOLIS — The Vikings rallied from a 33-0 halftime deficit to beat the Colts, 39-36, in overtime on a 40-yard Greg Joseph field goal to win the NFC North title Saturday at U.S. Bank Stadium.

Tribune News Service

November's $249 Billion Federal Budget Deficit Set a Record. Now, Congress Is Preparing To Spend Even More.

The government spent $501 billion in November but collected just $252 billion in revenue, meaning that about 50 cents of every dollar spent were borrowed.

Reason

Japan trade deficit soars on weak yen, high oil prices

Japan has reported its trade deficit surged to over 2 trillion yen ($15 billion) in November as higher costs for oil and a weak yen combined to push imports higher

The Independent UK

Peru eyes spending in protest zones, but fiscal goals 'non-negotiable' -minister

Peru's new government is looking at economic stimulus measures for regions being roiled by protests after the ouster of leftist leader Pedro Castillo, but will hold steady to "non-negotiable" fiscal deficit targets, the economy minister said on Tuesday.

Reuters

Massachusetts recount flips state house election to Democrat by one vote

Democrat Kristin Kassner won against Republican opponent Lenny Mirra after a recount shrunk candidates’ narrow vote deficit to one

The Guardian - US

25 SKOL’s of Christmas: Kirk Cousins’ first major Vikings comeback

Despite a 20-point deficit, Kirk Cousins led a tremendous comeback victory

USA Today Sports Media Group

Ukrainian officials warn of winter-long power deficit

Ukrainian officials said on Friday the country's energy system was stabilizing after the latest round of Russian air strikes but warned that a power deficit was likely to last throughout the winter.

Reuters

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Daily Record

'Staff cuts, council tax hikes and services slashed' as budget black hole widens by £10m in just four months

Councillors will have to consider cutbacks in staffing, hikes in the council tax and diminished services across

Daily Mirror

Britain's schools at breaking point with nothing left to give, headteacher warns

Headteacher Richard Slade said his school faces a minimum £154,000 deficit this financial year. He warned children's safety could be put at risk if schools are forced to make too many cuts

Newsroom.co.nz

ADHD is likely under-diagnosed so TikTok videos can help

Self-diagnosis of attention deficit hyperactivity disorder via TikTok can at least lead people who recognise symptoms to seek expert advice, says Dr Karen Waldie

The Philadelphia Inquirer

Flyers concede an early lead and fall to the Washington Capitals, 4-1

PHILADELPHIA — Just as they did in their game against the New Jersey Devils on Saturday, the Flyers made a mistake in the third period, paid the price, and couldn’t overcome the resulting deficit.

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Asharq Al-Awsat

Saudi Budget Expected to Reveal Shift from Deficit to Surplus for First Time in 8 Years

The Saudi cabinet is expected to approve the news state budget on Wednesday. Experts told Asharq Al-Awsat the budget would reflect the start of a new financial phase, with the end of the deficit that has continued since 2014. They explained that the surplus from the country’s general budget would…

Edinburgh Live

West Lothian budget deficit grows by £10m in just four months

Councillors face difficult decisions as the director of finance says urgent action is essential. The finance chief has joined fellow directors across councils of all political colours in warning the Scottish Government of the impending crisis

The Times of India

Explained: Why World Bank upgraded India's economic forecast for FY23

NEW DELHI: The World Bank on Tuesday revised upwards its GDP growth forecast from 6.5% for India to 6.9% for 2022-23, saying the country was showing higher resilience to global shocks.

Motorsport

FIA's Ben Sulayem reveals court case and $20 million deficit headaches

FIA president Mohammed Ben Sulayem has revealed two major challenges he faced after taking over the job last year – a court case and a $20 million financial black hole.

The Independent UK

Brady throws for 2 late TDs, Buccaneers beat Saints 17-16

Tom Brady threw a pair of touchdown passes in the final three minutes Monday night, helping the Tampa Bay Buccaneers rally from a 13-point deficit to beat the New Orleans Saints 17-16 and tighten their grip on first place in the weak NFC South

Reuters

India shared a list of products with Moscow for access to Russian market - minister

India gave a list of Indian products to Moscow for access to Russian markets, Foreign Minister Subrahmanyam Jaishankar said on Monday, as his country seeks to narrow a growing trade deficit with Russia at a time when Moscow faces acute shortages of some crucial materials following Western sanctions.

Chronicle Live

North Tyneside Council faces budget deficit of more than £23m next year

Previous financial projections from the council were blown out of the water by new wage demands, social care costs and inflation

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